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Algonquin Power & Utilities (FRA:751) Cyclically Adjusted PB Ratio : 0.83 (As of Jun. 18, 2024)


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What is Algonquin Power & Utilities Cyclically Adjusted PB Ratio?

As of today (2024-06-18), Algonquin Power & Utilities's current share price is €5.346. Algonquin Power & Utilities's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €6.41. Algonquin Power & Utilities's Cyclically Adjusted PB Ratio for today is 0.83.

The historical rank and industry rank for Algonquin Power & Utilities's Cyclically Adjusted PB Ratio or its related term are showing as below:

FRA:751' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.75   Med: 2.32   Max: 3.7
Current: 0.84

During the past years, Algonquin Power & Utilities's highest Cyclically Adjusted PB Ratio was 3.70. The lowest was 0.75. And the median was 2.32.

FRA:751's Cyclically Adjusted PB Ratio is ranked better than
61.45% of 275 companies
in the Utilities - Independent Power Producers industry
Industry Median: 1.24 vs FRA:751: 0.84

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

Algonquin Power & Utilities's adjusted book value per share data for the three months ended in Mar. 2024 was €6.252. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is €6.41 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Algonquin Power & Utilities Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Algonquin Power & Utilities's Cyclically Adjusted PB Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Algonquin Power & Utilities Cyclically Adjusted PB Ratio Chart

Algonquin Power & Utilities Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.06 3.17 2.43 1.03 0.90

Algonquin Power & Utilities Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.29 1.22 0.87 0.90 0.90

Competitive Comparison of Algonquin Power & Utilities's Cyclically Adjusted PB Ratio

For the Utilities - Renewable subindustry, Algonquin Power & Utilities's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Algonquin Power & Utilities's Cyclically Adjusted PB Ratio Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Algonquin Power & Utilities's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Algonquin Power & Utilities's Cyclically Adjusted PB Ratio falls into.



Algonquin Power & Utilities Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

Algonquin Power & Utilities's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=5.346/6.41
=0.83

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Algonquin Power & Utilities's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Algonquin Power & Utilities's adjusted Book Value per Share data for the three months ended in Mar. 2024 was:

Adj_Book=Book Value per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=6.252/126.2576*126.2576
=6.252

Current CPI (Mar. 2024) = 126.2576.

Algonquin Power & Utilities Quarterly Data

Book Value per Share CPI Adj_Book
201406 2.950 99.473 3.744
201409 3.320 99.394 4.217
201412 3.830 98.367 4.916
201503 4.407 99.789 5.576
201506 4.291 100.500 5.391
201509 4.181 100.421 5.257
201512 4.450 99.947 5.621
201603 4.340 101.054 5.422
201606 4.017 102.002 4.972
201609 3.989 101.765 4.949
201612 4.400 101.449 5.476
201703 5.064 102.634 6.230
201706 4.782 103.029 5.860
201709 4.570 103.345 5.583
201712 4.958 103.345 6.057
201803 4.691 105.004 5.640
201806 5.196 105.557 6.215
201809 5.227 105.636 6.247
201812 5.382 105.399 6.447
201903 5.484 106.979 6.472
201906 5.674 107.690 6.652
201909 5.900 107.611 6.922
201912 6.336 107.769 7.423
202003 6.042 107.927 7.068
202006 6.386 108.401 7.438
202009 6.494 108.164 7.580
202012 6.909 108.559 8.035
202103 7.043 110.298 8.062
202106 6.707 111.720 7.580
202109 6.686 112.905 7.477
202112 7.474 113.774 8.294
202203 7.569 117.646 8.123
202206 7.594 120.806 7.937
202209 7.658 120.648 8.014
202212 6.953 120.964 7.257
202303 7.177 122.702 7.385
202306 6.702 124.203 6.813
202309 6.440 125.230 6.493
202312 6.459 125.072 6.520
202403 6.252 126.258 6.252

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


Algonquin Power & Utilities  (FRA:751) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


Algonquin Power & Utilities Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of Algonquin Power & Utilities's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Algonquin Power & Utilities (FRA:751) Business Description

Address
354 Davis Road, Oakville, ON, CAN, L6J 2X1
Algonquin Power & Utilities Corp, a parent company of Liberty, is a diversified international generation, transmission, and distribution utility with over $16 billion of total assets. Through its two business groups, the Regulated Services Group and the Renewable Energy Group, AQN is committed to providing safe, secure, reliable, cost-effective, and sustainable energy and water solutions through its portfolio of electric generation, transmission, and distribution utility investments to over one million customer connections, largely in the United States and Canada. AQN provides renewable energy through its portfolio of long-term contracted wind, solar, and hydroelectric generating facilities.

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